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Oil rises: Brent at $116.38 and WTI at $102.35 amid Houthi attacks and Iran talks

FinanceInternationalRevista ADVFN35 s readAI summary
Image: Revista ADVFN

Brent futures rose 0.5% to $116.38 a barrel and WTI 0.6% to $102.35, after reversing earlier losses. The market is tracking negotiations between Iran, Saudi Arabia, Turkey and Pakistan to reduce tensions, and reports of Houthi attacks on pumping stations of Saudi Arabia's East-West pipeline and Riyadh airport, which Saudi authorities had not immediately confirmed. Last week Brent hit its highest level in six months.

In 35 seconds

  • Brent rises 0.5% to $116.38 and WTI 0.6% to $102.35 a barrel
  • Houthis claimed attacks on pumping stations of the Saudi East-West pipeline and Riyadh airport; Saudi Arabia did not immediately confirm them
  • Talks continue between Iran, Saudi Arabia, Turkey and Pakistan, with Qatar also in contact with Tehran
Read the full story at Revista ADVFN

IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.

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